Renta Fija

Short-Term Fixed Income

Data to Date

31-01-2019

Objective

The fund seeks to obtain a return similar to the interest rate for 30-day wholesale term deposits while maintaining a low level of volatility. The fund invests primarily in short-term fixed income securities, including corporate bonds, sovereign & subsovereigns bonds, Central Bank notes, among others.

NAV Evolution*

January 2019

Last 3 Months:
Nov 2018 - Dec 2018 - Jan 2019 -

From 02-01-2019 To 31-01-2019

Last year: From 01-02-2018 To 31-01-2019

*Curve corresponding to NAV Class B share. Valuation of 1.000 shares.

1M

3M

YTD

12M

Performance

Performance

1M

3M

YTD

12M

2018

2017

Class A

4,99%

14,75%

4,99%

37,41%

33,59%

25,64%

Class B

5,02%

14,85%

5,02%

37,89%

34,06%

26,08%

Class C

5,01%

14,83%

5,01%

37,78%

33,95%

25,98%

Asset allocation

Interest rate and currency breakdown

Data to Date

31-01-2019

Fund Information

Manager

BACS Adm. de Activos SASGFCI

Custodian

BACS

Rating

(AA) FIX SCR

Class A Fees*

1,800%

Class B Fees*

1,450%

Class C Fees*

1,530%

Redemption

24 hs

Minimum Subscription

$1.000

Subscription / Redemption Fee

0,00%

*Annual Fees as percentage of the fund´s Net Worth. It includes management and custodian fees.

Risk Profile

BACS Administradora de Activos S.A.S.G.F.C.I: All rights reserved. Buenos Aires, Argentina. The investments in shares of the fund do not constitute deposits with BACS nor with BANCO HIPOTECARIO S.A, for the purposes of the Financial Entities Act, nor are they provided with any of the guarantees that such sight deposits or term deposits may have according to the laws and regulations applicable to deposits with financial entities. Furthermore, BACS and BANCO HIPOTECARIO S.A. are prevented by the provisions of the CENTRAL BANK OF THE ARGENTINE REPUBLIC from assuming, tacitly or expressly, any commitment as to maintaining at any time the value of the invested capital, the yield, the redemption value of the shares or the supply of liquidity to such effect. NAV net of fees and ordinary management expenses.